About your Search

20121127
20121127
Search Results 0 to 0 of about 1
cliff is looming as lawmakers on capitol hill look for ways to hit the brakes. president obama and members of congress got back to work today after the holiday break. cbs reporter danielle nottingham on the warning tonight from the white house. >> reporter: lawmakers are back at work and under deadline pressure. >> we can solve the greatest economic emergency facing the nation today. >> reporter: white house mommists say without a deal to avoid the fiscal cliff, americans may start closing their wallets during the critical shopping season and curb their spending into next year. >> they think it is important that congress extend the middle class tax cuts without delay and drama is because it will help to maintain the increased consumer confidence we've seen. >> reporter: both sides say they are ready to compromise to avoid the nearly $600 billion in tax hikes and mandatory spending cuts scheduled to kick in on january 1st. but taxes remain the sticking point. republicans in congress have been long opposed to any tax increases, but gop lawmakers say they are open to raising more
Search Results 0 to 0 of about 1